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Government Emerges as Vodafone Idea's Biggest Shareholder Following ₹36,950 Crore Equity Conversion

Updated: April 21, 2025 13:48

Image Source: ET Telecom
The Indian government has raised its holding in Vodafone Idea to 48.99%, after converting ₹36,950 crore of spectrum auction payments into equity. This is a strategic step to lighten the financial burden on the telecom giant and increase competition in the industry.
 
Important Highlights:
 
✅ Debt-to-Equity Conversion: Vodafone Idea had issued 3,695 crore of equity shares to the Department of Investment and Public Asset Management (DIPAM), making the government its biggest shareholder2.
✅Reduction in Promoter Stake: Vodafone Plc's holding reduced to 16.1%, and Aditya Birla Group's holding fell to 9.4%.
✅Stock Market Response: Shares of Vodafone Idea jumped 6.42%, trading at ₹7.79 per share on the BSE.
✅Government's Stand: Even though it has a majority share, the government made it clear it will not take control, and private promoters will be allowed to have control.
✅ Financial Relief: The initiative will unlock liquidity, enabling Vodafone Idea to compete better with Jio and Bharti Airtel.
 
Through this historic financial restructuring, Vodafone Idea will return to stability, and there will be a healthier competing telecom sector in India.
 
Source: Economic Times, CNBC TV18, Rediff

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